NuScale Power (NYSE:SMR) Shares Down 2.5% – Time to Sell?

NuScale Power Co. (NYSE:SMR)’s share price fell 2.5% during trading on Friday . The stock traded as low as $18.77 and last traded at $19.19. 2,857,335 shares were traded during trading, a decline of 69% from the average session volume of 9,280,657 shares. The stock had previously closed at $19.68.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum increased their price target on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, NuScale Power has an average rating of “Moderate Buy” and a consensus price target of $10.39.

NuScale Power Price Performance

The firm has a fifty day moving average of $22.85 and a two-hundred day moving average of $15.66. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.12 billion, a PE ratio of -21.09 and a beta of 1.47.

Insider Activity

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the sale, the chief executive officer now directly owns 34,675 shares in the company, valued at $625,537. This represents a 95.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert K. Temple sold 115,866 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the completion of the sale, the insider now directly owns 14,054 shares in the company, valued at approximately $255,782.80. This trade represents a 89.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 798,620 shares of company stock valued at $14,624,962. 1.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of NuScale Power during the third quarter valued at approximately $44,000. US Bancorp DE bought a new stake in NuScale Power in the third quarter valued at $54,000. CWM LLC increased its position in NuScale Power by 4,593.8% during the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after purchasing an additional 5,191 shares during the period. Quest Partners LLC bought a new position in NuScale Power in the 2nd quarter worth $115,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of NuScale Power in the 3rd quarter worth about $116,000. Institutional investors own 78.37% of the company’s stock.

NuScale Power Company Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.